Tucson-based medical software provider Sunquest Information Systems Inc. has agreed to an acquisition by Florida-based Roper Industries Inc. for $1.42 billion.
Sunquest provides a comprehensive line of medical laboratory software, such as barcode-based systems for managing blood collection and transfusion, used by more than 1,700 hospitals worldwide. The company has about 300 local employees.
Sunquest is owned by a group of investors resulting from a 2010 recapitalization, led by Huntsman Gay Global Capital in partnership with Vista Equity Partners, which has owned the company since 2007.
Roper, founded in 1981 and descended from an appliance maker founded in 1919, is a diversified company that provides industrial process technology, radio-frequency identification (RFID) technology, scientific and industrial imaging and energy systems and controls.
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Completion of the transaction, which is expected within 30 days, is subject to federal approval under antitrust laws and customary closing conditions, the companies said.